Score
0Lynnwood, WA
15503 8th Ave W
1.4M
4 beds
3 baths
3,151 sqft
4 bd • 3 ba • 3,151 sf
This analysis was generated on 1/23/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
List Price
$1,389,400
Price/Sq.Ft
$441
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
The property at 15503 8th Ave W, Lynnwood, WA 98087 boasts several positive attributes. At 3,151 square feet, it's significantly larger than the average home in the area, offering ample space for families or those who need extra room. The price per square foot of $440.94 is competitive for the Lynnwood market, especially considering the property's size. With 4 bedrooms and 3 bathrooms, it provides versatile living arrangements. The location near a body of water, as seen in the aerial image, likely adds to its appeal and potential for views. The property is situated in a well-developed residential area with good road connectivity, as evidenced by the organized street layout in the image. Lynnwood's median income of $90,749 suggests a stable local economy, which could support property values.
The Bad
The listing price of $1,389,400 is considerably higher than what the median income in Lynnwood ($90,749) would typically support, potentially limiting the pool of potential buyers. The lack of detailed information about the property's features, utilities, and systems makes it difficult to assess its true value and condition. The absence of a build year is concerning, as it leaves questions about potential maintenance issues and outdated systems. The property's high price point may result in property taxes that are above average for the area, which could increase the overall cost of ownership.
The Ugly
The property's proximity to a major highway, visible in the top-left corner of the aerial image, could lead to noise pollution issues. Depending on the exact location, this might significantly impact the quality of life and potentially affect future resale value. The dense housing development seen in the image suggests potential privacy concerns and limited outdoor space. Without information on recent upgrades or renovations, there's a risk of hidden costs for necessary improvements or repairs, especially if the home is older. The high price point combined with limited property details raises concerns about overvaluation in the current market.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
This property is best suited for high-income buyers, likely with household incomes exceeding $200,000 annually, based on the $1,389,400 price tag. It's ideal for larger families or multi-generational households who can utilize the 4 bedrooms and spacious 3,151 square feet. The property would appeal to those who value proximity to water features and don't mind a densely populated suburban setting. It could also attract buyers looking for investment potential, given Lynnwood's growing market and the property's desirable location.
Not For
This property is not suitable for first-time homebuyers or those with median incomes in Lynnwood, as the price point is significantly above what would be affordable based on the area's median income of $90,749. It's not ideal for buyers seeking a quiet, secluded environment due to the dense neighborhood and proximity to major roads. Those looking for a low-maintenance or move-in ready home might be deterred by the lack of information about the property's condition and features. Investors looking for immediate rental income might find the high purchase price challenging to offset with local rental rates (even at $3,446 for a 4-bedroom), unless there's significant appreciation potential.
Demographics
Area Median Income
$90,749
Property History
Price History
Ownership Timeline
$1,160,000Financed
Mar 30, 2021Sean Lindberg, Megan LindbergAaron Michael Stern, Payton Eden
Warranty Deed
Standard Sale (Purchase/Resales)
$569,995Financed
Feb 1, 2016Pacific Ridge Drh LlcSean M Lindberg, Megan I Lindberg
Warranty Deed
New Construction Residential Transactions
$438,628Cash Purchase
Mar 4, 2015Vistante LlcPrh Llc
Warranty Deed
Non-Residential Arm's Length Transactions
Sunlight Analysis
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Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
5.4/10
AverageMiddle
5.3/10
AverageHigh
6.0/10
GoodFinancials
Monthly Costs
Market Rent (4 bed)
Get a detailed estimate on Zillow$1,829
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$1,389,400
Price/sqft
$441
Layout
4 bd•3 ba
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$1,178,325
17.9%
Your price is 17.9% above average
Median Price
$1,309,950
6.1%
Based on 6 recent sales
Price per Sq.Ft
$423
4.2%
Your price is 4.2% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 1106 169th Place SW, Lynnwood, WA 98037 | $1,309,950 | 2,585 | 5 | 3 | $50714.9% | 12/12/2024 |
| 15319 Meridian Drive SE, Lynnwood, WA 98087 | $1,100,000 | 2,606 | 4 | 3 | $4224.3% | 12/5/2024 |
| 14025 Meridian Drive SE, Everett, WA 98208 | $1,320,000 | 3,140 | 5 | 3 | $4204.7% | 9/27/2024 |
| 14029 Meridian Drive SE, Everett, WA 98208 | $1,320,000 | 3,105 | 5 | 3 | $4253.6% | 9/27/2024 |
| 15503 Cascadian Way, Bothell, WA 98012 | $945,000 | 2,536 | 4 | 3 | $37315.5% | 11/20/2024 |
| 730 145th Place SW, Lynnwood, WA 98087 | $1,075,000 | 2,747 | 3 | 3 | $39111.2% | 10/7/2024 |
1106 169th Place SW, Lynnwood, WA 98037
Price: $1,309,950
Sq.Ft: 2,585
Beds/Baths: 5/3
$/Sq.Ft:
$50714.9%
Sale Date: 12/12/2024
15319 Meridian Drive SE, Lynnwood, WA 98087
Price: $1,100,000
Sq.Ft: 2,606
Beds/Baths: 4/3
$/Sq.Ft:
$4224.3%
Sale Date: 12/5/2024
14025 Meridian Drive SE, Everett, WA 98208
Price: $1,320,000
Sq.Ft: 3,140
Beds/Baths: 5/3
$/Sq.Ft:
$4204.7%
Sale Date: 9/27/2024
14029 Meridian Drive SE, Everett, WA 98208
Price: $1,320,000
Sq.Ft: 3,105
Beds/Baths: 5/3
$/Sq.Ft:
$4253.6%
Sale Date: 9/27/2024
15503 Cascadian Way, Bothell, WA 98012
Price: $945,000
Sq.Ft: 2,536
Beds/Baths: 4/3
$/Sq.Ft:
$37315.5%
Sale Date: 11/20/2024
730 145th Place SW, Lynnwood, WA 98087
Price: $1,075,000
Sq.Ft: 2,747
Beds/Baths: 3/3
$/Sq.Ft:
$39111.2%
Sale Date: 10/7/2024
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